Breakout Trade in Mahindra and Mahindra
Breakout through the resistance line (yellow line) is visible in M_M
vol is higher than average on breakout
ATR rose from 16.19 to 18.97 on breakout and rising since then
Stochastic RSI shows entry into OB zone indicating momentum
Keep SL below the low of the breakout candle
SL = 1359 Tgt = 1550.5 ( RR Ratio is 1:1)
vol is higher than average on breakout
ATR rose from 16.19 to 18.97 on breakout and rising since then
Stochastic RSI shows entry into OB zone indicating momentum
Keep SL below the low of the breakout candle
SL = 1359 Tgt = 1550.5 ( RR Ratio is 1:1)
Trade closed: target reached
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